Sigmon Commons 5225 Sigmon Rd, Wilmington, NC 28403 Matt Ray Ray Properties, Inc. 3684-C Henderson Drive,Jacksonville, NC 28546 matt@rayproperties.com (910) 388-6620 License: 266827
Sigmon Commons $1,991,000 Built in 2005, this retail strip is in the center of Wilmington' s Market Street corridor and adjacent to the intersection of two of Wilmington' s most established commercial roads: Market Street (28,000 VPD) and South College Road (42,000 VPD). A 130,000 square-foot Cost- co Wholesale and the New Centre Market, a power center anchored by Target, are across Market Street to the north. To the south, University Centre & University Commons have other prominent retailers, including Lowe' s, TJ Maxx, and Sam' s Club. Adjacent Shopping Center Easy Access Shared Parking Established Development For more information visit: http://www.crelisting.net/kqd9sip6g/?stepid=107 Building Photo Price: $1,991,000 Gross Leasable Area: Building Size: 10,600 SF 10,600 SF Price/SF: $187.83 Property Type: Property Sub-type: Retail Strip Center Property Use Type: Net Lease Investment with 3 years left on lease Commission Split: 3% Cap Rate: 6% No. Stories: 1
5225 Sigmon Rd, Wilmington, NC 28403 The subject property is also in close proximity to The University of North Carolina - Wilmington. Located just over 1 mile to the south and enrolling approximately 15,000 students annually, UNCW is one of the area' s primary economic drivers, drawing students, families, employees, and fans to the surrounding retailers.
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Market Trends Jun 16 vs. 3 mo. prior Y-O-Y State $122 +0.3% +2.3% City $146 +4.8% +40.8% Metro $123 +1.1% +19.3% County $142 +1.6% +33.2% Jun 16 vs. 3 mo. prior Y-O-Y State $14.04 +0.8% +2.6% City $13.94 +1.5% -2.7% Metro $12.99 +1.7% -3.1% County $13.49 +1.2% -4.0%
Demographics Population 1-mi. 3-mi. 5-mi. 2015 Male Population 4,033 31,770 65,242 2015 Female Population 3,714 34,355 70,211 % 2015 Male Population 52.06% 48.05% 48.17% % 2015 Female Population 47.94% 51.95% 51.83% 2015 Total Population: Adult 6,759 55,358 109,957 2015 Total Daytime Population 12,929 87,541 177,949 2015 Total Employees 9,439 53,084 104,522 2015 Total Population: Median Age 25 31 35 2015 Total Population: Adult Median Age 28 40 45 2015 Total population: Under 5 years 373 3,355 7,040 2015 Total population: 5 to 9 years 274 3,144 7,434 2015 Total population: 10 to 14 years 218 2,733 6,984 2015 Total population: 15 to 19 years 555 5,595 9,619 2015 Total population: 20 to 24 years 2,614 11,798 16,620 2015 Total population: 25 to 29 years 1,027 5,678 9,985 2015 Total population: 30 to 34 years 629 4,899 9,628 2015 Total population: 35 to 39 years 355 3,614 7,896 2015 Total population: 40 to 44 years 325 3,542 8,490 2015 Total population: 45 to 49 years 291 3,325 7,880 2015 Total population: 50 to 54 years 298 3,445 8,319 2015 Total population: 55 to 59 years 272 3,407 8,258 2015 Total population: 60 to 64 years 178 2,996 7,449 2015 Total population: 65 to 69 years 138 2,656 6,688 2015 Total population: 70 to 74 years 84 1,970 4,709 2015 Total population: 75 to 79 years 50 1,493 3,293 2015 Total population: 80 to 84 years 38 1,155 2,497 2015 Total population: 85 years and over 28 1,320 2,664 % 2015 Total population: Under 5 years 4.81% 5.07% 5.20% % 2015 Total population: 5 to 9 years 3.54% 4.75% 5.49% % 2015 Total population: 10 to 14 years 2.81% 4.13% 5.16% % 2015 Total population: 15 to 19 years 7.16% 8.46% 7.10% % 2015 Total population: 20 to 24 years 33.74% 17.84% 12.27% % 2015 Total population: 25 to 29 years 13.26% 8.59% 7.37% % 2015 Total population: 30 to 34 years 8.12% 7.41% 7.11% % 2015 Total population: 35 to 39 years 4.58% 5.47% 5.83% % 2015 Total population: 40 to 44 years 4.20% 5.36% 6.27% % 2015 Total population: 45 to 49 years 3.76% 5.03% 5.82% % 2015 Total population: 50 to 54 years 3.85% 5.21% 6.14% % 2015 Total population: 55 to 59 years 3.51% 5.15% 6.10% % 2015 Total population: 60 to 64 years 2.30% 4.53% 5.50% % 2015 Total population: 65 to 69 years 1.78% 4.02% 4.94% % 2015 Total population: 70 to 74 years 1.08% 2.98% 3.48% % 2015 Total population: 75 to 79 years 0.65% 2.26% 2.43%
Demographics Population (Cont.) 1-mi. 3-mi. 5-mi. % 2015 Total population: 80 to 84 years 0.49% 1.75% 1.84% % 2015 Total population: 85 years and over 0.36% 2.00% 1.97% 2015 White alone 5,178 49,472 100,870 2015 Black or African American alone 1,667 11,664 25,290 2015 American Indian and Alaska Native alone 42 345 666 2015 Asian alone 133 856 1,898 2015 Native Hawaiian and OPI alone 1 78 129 2015 Some Other Race alone 449 2,084 3,355 2015 Two or More Races alone 277 1,626 3,245 2015 Hispanic 864 4,568 7,926 2015 Not Hispanic 6,883 61,557 127,527 % 2015 White alone 66.84% 74.82% 74.47% % 2015 Black or African American alone 21.52% 17.64% 18.67% % 2015 American Indian and Alaska Native alone 0.54% 0.52% 0.49% % 2015 Asian alone 1.72% 1.29% 1.40% % 2015 Native Hawaiian and OPI alone 0.01% 0.12% 0.10% % 2015 Some Other Race alone 5.80% 3.15% 2.48% % 2015 Two or More Races alone 3.58% 2.46% 2.40% % 2015 Hispanic 11.15% 6.91% 5.85% % 2015 Not Hispanic 88.85% 93.09% 94.15% 2015 Not Hispanic: White alone 4,176 39,257 78,687 2015 Not Hispanic: Black or African American alone 838 9,469 22,681 2015 Not Hispanic: American Indian and Alaska Native alone 18 168 340 2015 Not Hispanic: Asian alone 111 487 935 2015 Not Hispanic: Native Hawaiian and OPI alone 5 45 68 2015 Not Hispanic: Some Other Race alone 4 70 146 2015 Not Hispanic: Two or More Races 54 488 979 % 2015 Not Hispanic: White alone 77.43% 76.55% 74.12% % 2015 Not Hispanic: Black or African American alone 15.54% 18.46% 21.36% % 2015 Not Hispanic: American Indian and Alaska Native alone 0.33% 0.33% 0.32% % 2015 Not Hispanic: Asian alone 2.06% 0.95% 0.88% % 2015 Not Hispanic: Native Hawaiian and OPI alone 0.09% 0.09% 0.06% % 2015 Not Hispanic: Some Other Race alone 0.07% 0.14% 0.14% % 2015 Not Hispanic: Two or More Races 1.00% 0.95% 0.92% Population Change 1-mi. 3-mi. 5-mi. Total: Employees (NAICS) n/a n/a n/a Total: Establishements (NAICS) n/a n/a n/a 2015 Total Population 7,747 66,125 135,453 2015 Households 4,122 28,296 56,524
Demographics Population Change (Cont.) 1-mi. 3-mi. 5-mi. Population Change 2010-2015 495 5,060 9,770 Household Change 2010-2015 108 1,521 2,804 % Population Change 2010-2015 6.83% 8.29% 7.77% % Household Change 2010-2015 2.69% 5.68% 5.22% Population Change 2000-2015 2,354 14,841 29,289 Household Change 2000-2015 994 5,568 11,147 % Population Change 2000 to 2015 43.65% 28.94% 27.59% % Household Change 2000 to 2015 31.78% 24.50% 24.57% Housing 1-mi. 3-mi. 5-mi. 2015 Housing Units 3,667 25,203 50,448 2015 Occupied Housing Units 3,128 22,725 45,378 2015 Owner Occupied Housing Units 542 12,190 26,653 2015 Renter Occupied Housing Units 2,586 10,535 18,725 2015 Vacant Housings Units 539 2,477 5,072 % 2015 Occupied Housing Units 85.30% 90.17% 89.95% % 2015 Owner occupied housing units 17.33% 53.64% 58.74% % 2015 Renter occupied housing units 82.67% 46.36% 41.26% % 2000 Vacant housing units 14.70% 9.83% 10.05% Income 1-mi. 3-mi. 5-mi. 2015 Household Income: Median $24,186 $39,057 $44,082 2015 Household Income: Average $34,283 $56,112 $64,222 2015 Per Capita Income $18,274 $25,578 $27,923 2015 Household income: Less than $10,000 787 3,388 5,806 2015 Household income: $10,000 to $14,999 453 2,090 3,745 2015 Household income: $15,000 to $19,999 435 1,905 3,433 2015 Household income: $20,000 to $24,999 461 1,875 3,404 2015 Household income: $25,000 to $29,999 310 1,911 3,516 2015 Household income: $30,000 to $34,999 214 1,833 3,267 2015 Household income: $35,000 to $39,999 156 1,412 2,788 2015 Household income: $40,000 to $44,999 158 1,438 2,820 2015 Household income: $45,000 to $49,999 234 1,487 2,662 2015 Household income: $50,000 to $59,999 310 2,093 4,272 2015 Household income: $60,000 to $74,999 209 2,509 5,041 2015 Household income: $75,000 to $99,999 234 2,396 5,590 2015 Household income: $100,000 to $124,999 78 1,638 4,056 2015 Household income: $125,000 to $149,999 61 889 2,196 2015 Household income: $150,000 to $199,999 11 740 1,906 2015 Household income: $200,000 or more 11 692 2,022 % 2015 Household income: Less than $10,000 19.09% 11.97% 10.27% % 2015 Household income: $10,000 to $14,999 10.99% 7.39% 6.63%
Demographics Income (Cont.) 1-mi. 3-mi. 5-mi. % 2015 Household income: $15,000 to $19,999 10.55% 6.73% 6.07% % 2015 Household income: $20,000 to $24,999 11.18% 6.63% 6.02% % 2015 Household income: $25,000 to $29,999 7.52% 6.75% 6.22% % 2015 Household income: $30,000 to $34,999 5.19% 6.48% 5.78% % 2015 Household income: $35,000 to $39,999 3.78% 4.99% 4.93% % 2015 Household income: $40,000 to $44,999 3.83% 5.08% 4.99% % 2015 Household income: $45,000 to $49,999 5.68% 5.26% 4.71% % 2015 Household income: $50,000 to $59,999 7.52% 7.40% 7.56% % 2015 Household income: $60,000 to $74,999 5.07% 8.87% 8.92% % 2015 Household income: $75,000 to $99,999 5.68% 8.47% 9.89% % 2015 Household income: $100,000 to $124,999 1.89% 5.79% 7.18% % 2015 Household income: $125,000 to $149,999 1.48% 3.14% 3.89% % 2015 Household income: $150,000 to $199,999 0.27% 2.62% 3.37% % 2015 Household income: $200,000 or more 0.27% 2.45% 3.58% Retail Sales Volume 1-mi. 3-mi. 5-mi. 2015 Childrens/Infants clothing stores $1,001,525 $7,177,531 $14,595,505 2015 Jewelry stores $351,109 $2,632,134 $5,445,606 2015 Mens clothing stores $1,143,788 $8,472,750 $17,400,165 2015 Shoe stores $1,139,374 $8,472,091 $17,455,326 2015 Womens clothing stores $1,863,462 $14,337,742 $29,751,327 2015 Automobile dealers $13,866,506 $110,350,001 $231,482,409 2015 Automotive parts and accessories stores $2,779,807 $21,818,932 $45,495,160 2015 Other motor vehicle dealers $424,438 $3,200,284 $6,619,231 2015 Tire dealers $1,245,104 $9,749,777 $20,322,881 2015 Hardware stores $49,995 $438,152 $936,951 2015 Home centers $486,493 $4,352,867 $9,415,253 2015 Nursery and garden centers $574,158 $5,284,086 $11,501,347 2015 Outdoor power equipment stores $272,863 $2,406,530 $5,141,834 2015 Paint andwallpaper stores $62,570 $517,130 $1,091,691 2015 Appliance, television, and other electronics stores $1,827,679 $14,800,793 $31,138,256 2015 Camera andphotographic supplies stores $138,279 $1,130,014 $2,388,104 2015 Computer andsoftware stores $5,552,432 $41,743,761 $85,939,432 2015 Beer, wine, and liquor stores $954,880 $7,231,918 $14,935,139 2015 Convenience stores $4,482,966 $32,406,817 $66,025,878 2015 Restaurant Expenditures $3,753,738 $29,332,131 $61,174,844 2015 Supermarkets and other grocery (except convenience) stores $15,765,376 $117,817,029 $242,201,653 2015 Furniture stores $1,342,938 $10,503,655 $21,947,412 2015 Home furnishings stores $4,552,607 $36,642,868 $76,911,875 2015 General merchandise stores $23,662,326 $190,736,242 $400,866,561 2015 Gasoline stations with convenience stores $13,396,816 $100,431,778 $206,597,993 2015 Other gasoline stations $9,450,009 $71,851,248 $148,325,422 2015 Department stores (excl leased depts) $23,311,217 $188,104,108 $395,420,955 2015 General merchandise stores $23,662,326 $190,736,242 $400,866,561 2015 Other health and personal care stores $934,028 $7,488,678 $15,711,062
Demographics Retail Sales Volume (Cont.) 1-mi. 3-mi. 5-mi. 2015 Pharmacies and drug stores $3,797,548 $30,225,946 $63,159,532 2015 Pet and pet supplies stores $1,032,862 $8,180,724 $17,085,010 2015 Book, periodical, and music stores $152,640 $1,251,345 $2,644,852 2015 Hobby, toy, and game stores $459,591 $3,533,298 $7,336,870 2015 Musical instrument and supplies stores $45,926 $356,819 $749,685 2015 Sewing, needlework, and piece goods stores $80,145 $658,853 $1,384,641 2015 Sporting goods stores $418,937 $3,378,866 $7,127,625